StockNews.com Upgrades Antero Resources (NYSE:AR) to Sell

StockNews.com upgraded shares of Antero Resources (NYSE:AR) to a sell rating in a research note published on Thursday morning.

A number of other equities analysts have also recently weighed in on AR. Bank of America began coverage on Antero Resources in a report on Monday, October 28th. They issued a “buy” rating and a $36.00 price target for the company. Truist Financial upped their price target on Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Citigroup upped their target price on Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Wells Fargo & Company raised Antero Resources from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $24.00 to $32.00 in a report on Tuesday, December 17th. Finally, UBS Group upped their target price on Antero Resources from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.88.

Antero Resources Stock Down 0.2 %

AR opened at $40.50 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $12.60 billion, a price-to-earnings ratio of 289.26 and a beta of 3.37. The business has a 50-day moving average of $33.65 and a two-hundred day moving average of $30.10. Antero Resources has a 12 month low of $20.56 and a 12 month high of $40.93.

Institutional Trading of Antero Resources

Hedge funds and other institutional investors have recently bought and sold shares of the stock. UMB Bank n.a. boosted its holdings in shares of Antero Resources by 357.3% in the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after acquiring an additional 686 shares in the last quarter. Pinnacle Bancorp Inc. acquired a new stake in shares of Antero Resources during the 4th quarter worth approximately $28,000. True Wealth Design LLC acquired a new stake in shares of Antero Resources during the third quarter worth $30,000. Capital Performance Advisors LLP bought a new position in Antero Resources during the third quarter worth about $45,000. Finally, Mattson Financial Services LLC acquired a new stake in Antero Resources in the second quarter worth $64,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.